{"id":660004,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/"},"modified":"2025-02-05T00:00:00","modified_gmt":"2025-02-05T00:00:00","slug":"ifc-to-complete-its-airport-privatization-plan-within-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/","title":{"rendered":"IFC to complete its airport privatization plan within months"},"content":{"rendered":"

Good morning, <\/strong>ladie<\/strong>s and gentlemen. <\/strong>We have another busy issue for you this morning led by a January\u2019s PMI, which showed the country\u2019s non-oil private sector activity expanding after months in contraction. We also have news that our friends at EBRD completing their exit of Ibnsina Pharma \u2014 offloading their remaining 8.8% stake in the pharma distributor \u2014 and word the Mabdouly government is leasing yet another regasification unit.<\/p>\n

AND- Donald Trump wants the United States to take possession of Gaza<\/strong> and wants to see everyone living there relocated. Trump said the US would turn Gaza into the \u201cRiviera of the Middle East\u201d and claimed \u201ccountries of interest with humanitarian heart\u201d would open their doors for 2 mn Gazans.<\/p>\n

We have the rundown on all of this and more, below.<\/p>\n

PSA- <\/p>\n

WEATHER- It\u2019s another cold day in Cairo<\/strong>, with a high of 19\u00b0C and a low of 12\u00b0C, according to our favorite weather app. The Egyptian Meteorological Authority is warning<\/a> of heavy rains in coastal areas throughout the day and a light chance of moderate rainfall in Cairo. <\/p>\n

It\u2019s just as cold in Alexandria<\/strong>, with a high of 19\u00b0C and a low of 12\u00b0C.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

WATCH THIS SPACE- <\/p>\n

#1- The House will \u201cwithin days\u201d introduce a draft law scrapping the capital gains <\/strong>tax on EGX transactions and reinstating a stamp tax<\/strong>, as part of measures aimed at boosting investment, deputy chairman of the Budget Committee Yasser Omar said<\/a>.<\/p>\n

You heard it here first: <\/strong>Yesterday, a government source told EnterpriseAM<\/a> that the long-awaited capital gains tax on EGX transactions may never come, with the government holding intensive discussions to resolve the issue \u2014 and even look for alternatives. In its place, officials are now considering reinstating a 0.15% stamp tax on all EGX transactions as a simpler alternative to the capital gains tax, which has been repeatedly delayed.<\/p>\n

A return to a stamp tax has been in the cards for a while now<\/strong>, with a senior government source telling EnterpriseAM last September that officials were studying alternatives<\/a> to taxing EGX capital gains, including imposing a stamp tax. <\/p>\n

We have a timeline: <\/strong>Our source had told us that the government plans to finalize the collection mechanism and submit draft legislation to the House soon to avoid disrupting the upcoming corporate tax filing season, which ends on 30 April. <\/p>\n

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<\/a> #2- The Interna<\/strong>tional Finance Corporation\u2019s full airport privatization plan should be out in <\/strong>the next six months<\/strong>, Al Mal<\/a> reports, citing an unnamed official from the Civil Aviation Ministry. The plan will include the technical, financial, and legal nitty gritty to get the airport privatization push off the ground.<\/p>\n

Remember:<\/strong> The Madbouly government revealed plans in November<\/a> to invite private sector players \u2014 including foreign companies \u2014 to take over the management<\/a> of airports in the country. The list of airports earmarked for the private management plan initially started with only five, but now includes all of Egypt\u2019s airports<\/a>, after the government agreed with the IFC to spearhead the airports\u2019 privatization plan.<\/p>\n

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#3- The g<\/strong>overnment\u2019s latest push to convert cars and buses to run on natural gas <\/strong>and electricity will be announced \u201csoon<\/strong>,\u201d Finance Minister Ahmed Kouchouk said yesterday in a statement<\/a>. Kouchouk first teased the new initiative in a sit-down interview<\/a> with Lamees El Hadidi last month, telling the host that his ministry would cover 70% of the roughly EGP 17-17.5k conversion cost under the soon-to-be-revealed plan.<\/p>\n

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<\/a> #4- An Edventures\u2019 company to list on Tadawul?<\/strong> Nahdet Misr\u2019s edtech-focused VC Edventures is planning to have one of its companies go public on Tadawul next year, CEO of Nahdet Misr and founder of Edventures Dalia Ibrahim told Asharq Business<\/a>. <\/p>\n

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#5- A unified financing initiative for startups? <\/strong>The Madbouly government is looking to introduce the unified financing initiative for startups, coordinating efforts between public and private entities to support over 5k startups, according to a cabinet statement<\/a>. <\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

HAPPENING TODAY- <\/p>\n

#1- <\/strong>Investors<\/strong> and VCs are gathering for the second and last day of the Egypt VC Summit<\/strong>, which is taking place at the Sofitel Cairo Downtown Nile Hotel, according to a statement (pdf)<\/a> from the organizers. Hosted by the Egyptian Private Equity and Venture Capital Association and German development agency GIZ, the event brings together global and regional investors to attend talks, network, and partake in roundtable discussions. You can check out the agenda on the event\u2019s website<\/a>.<\/p>\n

<\/a> #2- <\/strong>Toda<\/strong>y i<\/strong>s the last chance for bookworms to explore the shelves of the Cairo <\/strong>International Book Fair<\/strong> before it closes its doors after a two-week run at the Egypt International Exhibition and Convention Center in New Cairo. This year\u2019s fair is hosting 1.2k publishers showcasing their latest publications and thousands of exhibitors for the event, with mns expected in attendance. Last year\u2019s visitor count <\/a>reached near the 5 mn mark<\/a>.<\/p>\n

\n

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CORRECTION-<\/strong> In Monday\u2019s issue of EnterpriseAM Egypt, we incorrectly reported Ibnsina Pharma\u2019s market share \u2014 the local pharma giant holds a 30.8% share of the country\u2019s pharma market. The story<\/a> has since been amended on our website. <\/p>\n

\n

THE BIG STORY ABROAD-<\/p>\n

<\/a> It\u2019s another morning with the foreign pages fixated on the latest from Trump: <\/strong>US President Donald Trump is making headlines once again for pushing for \u201ccleaning out\u201d Gaza. <\/p>\n

A US takeover of Gaza? <\/strong>During a joint presser with Israeli Prime Minister Benjamin Netanyahu, Trump proposed that the US take over, develop and own the Gaza Strip to turn it into \u201cthe Riviera of the Middle East.\u201d He once again called for the forced displacement of all 2.2 mn Palestinians who call Gaza home. \u201cCountries of interest with humanitarian hearts\u201d could fund permanent resettlement of Gazans in Egypt, Jordan, and possibly other locations.<\/p>\n

Trump thinks he can persuade us to take in the Gazans. <\/strong>\u201cThey say they\u2019re not going to accept,\u201d he said of us, Jordan, and other Arab countries, standing next to Netanyahu. \u201cI say they will.\u201d<\/p>\n

Hamas was quick to reject the proposals, <\/strong>saying that \u201cour people in Gaza will not allow for these plans to come to pass.\u201d Egypt and Jordan had already rejected Trump\u2019s earlier suggestion they take in Gazans, with Jordan\u2019s King Abdullah heading to Washington next week to meet with Trump. Saudi Arabia also reiterated its public stance linking normalization with Israel to the establishment of a Palestinian state, and rejecting settlement, annexation or displacement of Palestinians as \u201cnon-negotiable\u201d with new or old US administrations. (Reuters<\/a> | Bloomberg<\/a> | CNN<\/a> | FT<\/a> | New York Times<\/a>)<\/p>\n

** We have more on Trump\u2019s comments in the news well, below. <\/strong><\/p>\n

ALSO- <\/strong>Trump signed a presidential memorandum ahead of the conference reinstating a \u201cmaximum pressure\u201d campaign on Iran to curb its nuclear ambitions. The memo also includes a campaign aimed at \u201cdriving Iran\u2019s oil exports to zero\u201d, threatening USD 53 bn of Iranian oil exports, per 2023 estimates. As usual, Trump signalled he was open to negotiating an agreement with Iran that saves everyone the trouble. (Reuters<\/a> | New York Times<\/a> | CNBC<\/a>)<\/p>\n

<\/p>\n

*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n

In today\u2019s issue: <\/strong>We dissect the second edition of the National Artificial Intelligence Strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, ladies and gentlemen. We have another busy issue for you this morning led by a January\u2019s PMI, which showed the country\u2019s non-oil private sector activity expanding after months in contraction. 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We also have news that our friends at EBRD completing their exit of Ibnsina Pharma \u2014 offloading their remaining 8.8% stake in the […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-02-05T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2109.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"IFC to complete its airport privatization plan within months","datePublished":"2025-02-05T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/"},"wordCount":1274,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2109.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","International Finance Corporation","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/ifc-to-complete-its-airport-privatization-plan-within-months\/","name":"IFC to complete its airport privatization plan within months - 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The business news cycle is picking up steam as we race towards the weekend.THE BIG STORY TODAY Saudi\u2019s Tamer Group eyes 30% stake in Egypt\u2019s UCP: Saudi company TamerGroup is in talks to acquire up to a 30%-stake in Egyptian pharma wholesaler\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601086,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/what-were-tracking-on-19-february-2019\/","url_meta":{"origin":660004,"position":1},"title":"What we\u2019re tracking on 19 February 2019","author":"enterpriseam admin","date":"19 February 2019","format":false,"excerpt":"Antitrust decision today: The Cairo Economic Court is due to deliver today a decision on an appeal by pharma distributors of an antitrust fine. Among the appellants is EGX-listed IbnsinaPharma. Egyptian university students in Sudan should return home and continue their studies here, Egyptian Rep. Mohamed el-Ghoul said yesterday as\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":660057,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/exxonmobil-to-begin-drilling-long-awaited-exploratory-gas-wells-in-early-2026\/","url_meta":{"origin":660004,"position":2},"title":"ExxonMobil to begin drilling long-awaited exploratory gas wells in early 2026","author":"enterpriseam admin","date":"5 February 2025","format":false,"excerpt":"Good afternoon, wonderful people, and welcome to the almost-weekend. Today\u2019s issue is full to the brim, and includes a discussion with Mashreq Egypt\u2019s Mohamed Talaat about recent trends in Egypt\u2019s banking sector, as well as the challenges and the opportunities to expect this year.THE BIG STORY TODAY ExxonMobil to invest\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670783,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/26\/finmin-to-settle-egp-11-bn-in-overdue-payments-to-pharma-companies-within-days\/","url_meta":{"origin":660004,"position":3},"title":"FinMin to settle EGP 11 bn in overdue payments to pharma companies within days","author":"enterpriseam admin","date":"26 August 2025","format":false,"excerpt":"Good morning, folks and happy hump day to you all. As has been the case every day this week, we have another brisk issue for you this morning, but we don\u2019t expect things to stay quiet with a new EGX head appointed and Emirati President Sheikh Mohamed bin Zayed Al\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/101.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":672068,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/18\/spains-royals-are-in-town\/","url_meta":{"origin":660004,"position":4},"title":"Spain\u2019s royals are in town","author":"enterpriseam admin","date":"18 September 2025","format":false,"excerpt":"Good morning, folks and happy Thursday. It\u2019s another busy morning here in Egypt, with investment and energy news leading the news well \u2014 a consortium of local and Saudi players is mulling a USD 1 bn redevelopment project in Downtown Cairo and the long-delayed Nitzana pipeline linking Israel and Egypt\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1084.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562362,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/biden-wants-a-de-escalation-in-israels-attacks-on-gaza\/","url_meta":{"origin":660004,"position":5},"title":"Biden wants a \u201cde-escalation\u201d in Israel\u2019s attacks on Gaza","author":"enterpriseam admin","date":"20 May 2021","format":false,"excerpt":"US President Joe Biden told Israeli Prime Minister Benjamin Netanyahu yesterday that he \u201cexpected a significant de-escalation\u201d in the violence with Gaza as a step towards a ceasefire, according to a White House statement detailing a call between the two leaders. Biden again stopped short of demanding that Israel agree\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=660004"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660004\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660005"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660004"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660004"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}